Just when everyone was convinced that Nina Agdal was going to be on the cover of the 2013 Sports Illustrated Swimsuit Issue, this bombshell drops on Twitter (first on @FashionCopious then on @BleacherReport). If this cover is for real (which it still might not be) this would mark the second year in a row that Kate Upton has nailed the cover.

Like we said, this photo isn’t in any way linked to Sports Illustrated, so it’s still speculation. But if it’s fake, you gotta admit that someone’s done a damned good job. Here’s why:

1. This photo looks like the set from the photos posted on TMZ a few months back.

2. There were reports that Hannah Davis was going to be on the cover. She is, right there on top of the “D.”

3. A photo leaked on Twitter around this time last year with Kate on the cover.

I think the most important thing to take away from the whole thing is that if this cover is to be believed, the text clearly states that Kate will be in body paint. Looks like her GQ photoshoot is finally going to have some competition.